SBECSUG
SBEC Sugar financials
- Market cap
- ₹137 Cr
Quarterly results
Q1 FY27: revenue down 17.4%, net profit up 135.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 137 | 143 | 209 | 120 | 147 +7% | 123 −14% | 159 −24% | 99 −17% |
| EBITDA | -15 | -7 | 60 | -13 | -13 +17% | -1 +82% | 22 −63% | 8 +164% |
| Net profit | -30 | -22 | 46 | -26 | -29 +6% | -17 +22% | 91 +95% | 9 +135% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +65.9% 1Y
1Y: ₹38.44 on 10 Sept 2025 → ₹63.77. High ₹84.61 (18 Jun 2026), low ₹28.11 (20 Jan 2026).
Financials, as filed
Revenue fell 8.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to -0.9%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹655 Cr | ₹630 Cr | ₹548 Cr |
| Operating profit | ₹45 Cr | ₹40 Cr | ₹-5 Cr |
| Operating margin | 6.8% | 6.3% | -0.9% |
| Interest | ₹23 Cr | ₹39 Cr | ₹45 Cr |
| Depreciation | ₹21 Cr | ₹19 Cr | ₹19 Cr |
| Net profit | ₹-3 Cr | ₹-19 Cr | ₹19 Cr |
| Net margin | -0.5% | -3.0% | 3.4% |
| Cash from operations | ₹-47 Cr | ₹70 Cr | ₹-27 Cr |
| Free cash flow | ₹-58 Cr | ₹68 Cr | ₹-29 Cr |
| ROCE | 15.0% | 12.0% | 22.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹-53 Cr | ₹-61 Cr | ₹-70 Cr | ₹-85 Cr | ₹-159 Cr | ₹120 Cr |
| Borrowings | ₹231 Cr | ₹168 Cr | ₹114 Cr | ₹232 Cr | ₹301 Cr | ₹273 Cr |
| Other liabilities | ₹496 Cr | ₹573 Cr | ₹597 Cr | ₹520 Cr | ₹263 Cr | ₹463 Cr |
| Total liabilities | ₹722 Cr | ₹727 Cr | ₹689 Cr | ₹714 Cr | ₹452 Cr | ₹904 Cr |
| Fixed assets | ₹257 Cr | ₹242 Cr | ₹248 Cr | ₹234 Cr | ₹213 Cr | ₹205 Cr |
| Capital work in progress | ₹2 Cr | ₹18 Cr | ₹4 Cr | ₹6 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹38 Cr | ₹326 Cr |
| Other assets | ₹424 Cr | ₹430 Cr | ₹399 Cr | ₹435 Cr | ₹200 Cr | ₹372 Cr |
| Total assets | ₹722 Cr | ₹727 Cr | ₹689 Cr | ₹714 Cr | ₹452 Cr | ₹904 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −2.01 pp while DIIs added +2.01 pp. The shareholder count grew 3% to 6,323.
- Promoters
- 65.1%
- DIIs
- 2.0%
- Public
- 32.9%
Since Jun 2025
- FIIs −2.01 pp
- DIIs +2.01 pp
- Public −0.01 pp
How it drifted, 12 quarters
Over this window FIIs fell from 2.0% to 0.0% — −2.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Dec '23: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Mar '24: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Jun '24: Promoters 65.1%, DIIs 2.0%, Public 32.9%.Sep '24: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Dec '24: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Mar '25: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Jun '25: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Sep '25: Promoters 65.1%, FIIs 2.0%, Public 32.9%.Dec '25: Promoters 65.1%, DIIs 2.0%, Public 32.9%.Mar '26: Promoters 65.1%, DIIs 2.0%, Public 32.9%.Jun '26: Promoters 65.1%, DIIs 2.0%, Public 32.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of SBEC Sugar Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Sbec Systems India Limited | 29.86% | unchanged |
| Moderate Leasing And Capital Services Ltd | 19.02% | unchanged |
| Abhikum Leasing And Investments Private Limited | 11.79% | unchanged |
| A To Z Holdings Private Limited | 7.05% | unchanged |
| Longwell Investment Pvt Ltd | 5.71% | unchanged |
| T C Healthcare Private Limited | 3.92% | −0.07 pp |
| Umesh Kumar Modi | 3.30% | unchanged |
| Karvy Consultants Limited | 1.60% | unchanged |
| Paras Mal Jain | 1.49% | unchanged |
| Jayesh Modi | 0.12% | unchanged |
| Kumkum Modi | 0.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse SBEC Sugar Ltd.
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